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Feb 21, 2013
02/13
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i can't say that. >> reporter: and it's not just cuts to the pentagon dozens of agencies including the fbi will also have to make difficult choices. >> the fbi would be in the position of having to evaluate where those reductions can come from, and that may impact in the national security arena. >> reporter: the president will continue in coming days to highlight the hardships to individuals and to the public at large if the cuts take place. democrats congressional campaign committee also goes on the offensive today. they will accuse republicans of risking 700,000 jobs in order to protect special interest tax loophols. norah, charlie? zblil is plante thanks. >>> a total disaster, that is what one walmart executive wrote about a plunge in sales. the retail giant is announcing its earnings this morning. it's a bellwether for the nation's economy. rebecca jarvis is here with us. what are they saying about the economy? >> looking backwards walmart had a good christmas, that holiday sales worked out well for them they earned more than wall street was expecting, they came in a little light o
i can't say that. >> reporter: and it's not just cuts to the pentagon dozens of agencies including the fbi will also have to make difficult choices. >> the fbi would be in the position of having to evaluate where those reductions can come from, and that may impact in the national security arena. >> reporter: the president will continue in coming days to highlight the hardships to individuals and to the public at large if the cuts take place. democrats congressional campaign...
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Feb 21, 2013
02/13
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>> reporter: it's not just the pentagon. dozens of cuts including the fbi will have to make difficult choices. >> the fbi will have to be in a position to evaluate where the reductions will come from and that may impact the national security arena. >> reporter: the democrats' congressional campaign committee also goes on the offensive today. they will accuse republican of risking 700,000 jobs in order to protect special interest tax loopholes. >>> a total disaster that's what one walmart executive reportedly wrote about a plunge in sales. its it's announcing its report this morning. rebecca jarvis is here this morning. good morning. >> good morning. >> what are they saying and what are they saying about the economy? >> looking backward they're saying walmart had a very good christmas. they earned more than expected. they came in light on sales. however, going forward that's really a question. walmart is considered a bellwether for our economy and what they told us this morning is that the payroll tax cut is impacting consume
>> reporter: it's not just the pentagon. dozens of cuts including the fbi will have to make difficult choices. >> the fbi will have to be in a position to evaluate where the reductions will come from and that may impact the national security arena. >> reporter: the democrats' congressional campaign committee also goes on the offensive today. they will accuse republican of risking 700,000 jobs in order to protect special interest tax loopholes. >>> a total disaster...
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Feb 5, 2013
02/13
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WUSA
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than a month away from massive cuts in federal spending that could lead to layoffs of employees at the pentagon and elsewhere. we have more from capitol hill. nancy, good morning. >> reporter: good morning, charlie and nora. around here, congress likes to call those cuts the sequester. and both sides have long predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it, they've resorted to the blame game a month before the deadline. republicans may be the party of spending cuts, but on monday, house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts, the package of cuts worth $1.2 trillion, will start to kick in on march 1 taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office, more than a million jobs are at risk. defense secretary leon panetta had this war
than a month away from massive cuts in federal spending that could lead to layoffs of employees at the pentagon and elsewhere. we have more from capitol hill. nancy, good morning. >> reporter: good morning, charlie and nora. around here, congress likes to call those cuts the sequester. and both sides have long predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it, they've resorted to the blame game a month before the...
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Feb 22, 2013
02/13
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with the pentagon and other departments already in crisis mode, the white house announced thursday that he had phoned them but wouldn't state more. was it to reach out for a decision or to reach out in order to compromise? >> the president shoek with senator mcconnell and the speaker. i have no content to read out to you. the two republican leaders pointed out this was the first time they reached out in ought mat imcuts in 2012. it will mean $1.2 trillion in across-the-board cuts. thursday president obama argued to friendly radio hosts that they're standing in his way for the wrong reasons. >> their basic view is nothing is important enough to raise taxes on well thi individuals or corporatio corporations. and they would prefer to see these kinds of cuts and that's what behinds them at that the point. eric cantor put it this way in a statement. president obama has said that unless he gets a second tax hike, he will forced to let criminals loose on the streets, meats at your grocery store won't be inspected and emergency responders won't be able to do their jobs. these are false choice.
with the pentagon and other departments already in crisis mode, the white house announced thursday that he had phoned them but wouldn't state more. was it to reach out for a decision or to reach out in order to compromise? >> the president shoek with senator mcconnell and the speaker. i have no content to read out to you. the two republican leaders pointed out this was the first time they reached out in ought mat imcuts in 2012. it will mean $1.2 trillion in across-the-board cuts....
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Feb 22, 2013
02/13
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KPIX
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with the pentagon and other departments already in crisis mode, the white house oannounced thursday the president phoned mitch mcconnell and house speaker john boehner but deliberately avoided saying more. was it simply to restate his position or to reach out to them in the interests of compromise? >> the president spoke with senator mcconnell and the speaker. i have no content to read out to you of those conversations. >> reporter: the two republican leaders pointed out this was the first time the president has reached out to them on the topic of the automatic cuts in two months since the end of 2012. the sequester is set to kick in a week from today will mean $1.2 trillion in across the board cuts. thursday, mr. obama argued to friendly radio hosts that republicans are standing in his way for the wrong reasons. >> their basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations and they would prefer to see these kinds of cuts and that's the thing that binds their party together at this point." >> reporter: but republicans say the president is
with the pentagon and other departments already in crisis mode, the white house oannounced thursday the president phoned mitch mcconnell and house speaker john boehner but deliberately avoided saying more. was it simply to restate his position or to reach out to them in the interests of compromise? >> the president spoke with senator mcconnell and the speaker. i have no content to read out to you of those conversations. >> reporter: the two republican leaders pointed out this was...
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Feb 19, 2013
02/13
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the pentagon could see roughly half of the reductions and that has republicans upset. >> we're going to begin to unravel the finest military in the history of the world at a time when we need it most. >> reporter: mandatory cuts in domestic spending could also hit americans hard. there could be furloughs of food safety employees, leading to a shortage of meat poultry and eggs and pushing up food prices. 50,000 tsa workers could see their hours cut back that would mean longer security lines for air travelers, and more than 350,000 people who need mental health treatment could be denied. hundreds of thousands of government workers from teachers to federal law enforcement agents are likely to be furloughed. many republicans admit the sequester isn't ideal, but they insist cuts have to be made. >> let me be very clear and i say this to the president as i say it to you, these spending cuts are going to go through on march 1st. >> reporter: the white house warns the cuts would get phased in just as the stock market is bouncing back. >> our hope is that this does not happen that, we choose
the pentagon could see roughly half of the reductions and that has republicans upset. >> we're going to begin to unravel the finest military in the history of the world at a time when we need it most. >> reporter: mandatory cuts in domestic spending could also hit americans hard. there could be furloughs of food safety employees, leading to a shortage of meat poultry and eggs and pushing up food prices. 50,000 tsa workers could see their hours cut back that would mean longer...